As suggested earlier, market could not overcome resistance near 8300 area and now back into range. What could be the most likely outcome from this point forward? Lets take a look at charts...
Market has managed to climb relentlessly so far after the big drop in August, however Is this bounce for real? What needs to happen for a sustainable trend reversal? Where would we see the early signs?
How are our identified stocks doing so far!!!
The idea of this section is not to "pick stocks" but rather educate on how to pick right Stocks with appropriate risk management, so that we can benefit from gains as well as cut short our losses.
Lets look at new candidate added this week...
Market managed to close the gap and also maintain the current level above MA(50). But does that constitute change in trend or possible start of new trend? Lets see if charts provide us with any further clues...
We got the bounce and market managed to close the gap. How far will this rally continue? What to watch out for?
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